Stanley Druckenmiller

“I like putting all my eggs in one basket and then watching that basket carefully,” says Druckenmiller of his strategy for investing both to make money and to give money away. And if the potential is high enough, he doesn’t mind the risk.

Stanley Druckenmiller

When Geoffrey Canada pitched Druckenmiller on his idea for the Harlem Children’s Zone, Druckenmiller wasn't confident it could happen. And still he was willing, even eager, to make a big bet on Canada— under one condition.

Stanley Druckenmiller

Having replaced the board, Druckenmiller, now as chairman, and Canada were ready to turn HCZ into a reality. Starting with boarded-up apartments and classes for expecting moms, HCZ has transformed Harlem and become an international model.

Stanley Druckenmiller

Stanley and Fiona Druckenmiller’s grant to create a neuroscience institute at New York University was based on long-term relationships, trust in leadership, and the belief that, relative to the potential reward, their investment “was quite small.”

Stanley Druckenmiller Places Big, Selective Bets in Philanthropy

Stanley Druckenmiller loves a big bet. Both as a money manager and as a philanthropist, Druckenmiller has built his career on taking big risks—and very often, reaping big rewards. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year.

To reinforce his bets, Druckenmiller invests in leaders he trusts. Take for example Geoffrey Canada, who managed to interest Druckenmiller in his vision for the Harlem Children’s Zone (HCZ) at a time when Druckenmiller wasn’t sure if it would be possible to raise the money to fund the plan. Today, HCZ is one of the most well-known initiatives combating poverty in the US. But in that decision-making moment, it was not the idea so much as Canada who moved Druckenmiller to get behind the effort. For Druckenmiller, there are many times when he thinks he may get a “zero out of [his] investment,” but if he can win on just a few big bets and enrich the lives of lots of people, that’s “sheer joy.”

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The business world long witnessed Stanley Druckenmiller's predilection for big bets and strategic excellence. He famously led George Soros’ $10 billion bet against the British pound and ran his investment firm, Duquesne Capital, for 30 years without a down year. Read More

(Bloomberg) Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry… Read More